Apple to boost salaries for US workers by more than 10% as inflation bites

Apple is now accelerating its annual performance-based pay increases for retail and corporate team members by three months

Apple Inc. is raising salaries for workers in the US by 10 per cent or more as it faces a tight labor market and the spread of unionization efforts across its retail stores.

The Cupertino, California-based company is expanding its overall compensation budget this year, it said in a statement Wednesday. It will hike minimum hourly pay for its staff to at least $22, up 10 per cent on last year. The move follows a pay bump in February after inflation woes and complaints from some staffers about working conditions during the Covid-19 pandemic. 

Apple is now accelerating its annual